PBOC Signals Comfort With Yuan Gains as Fixing Set Below 6.8
China’s central bank set the yuan’s daily reference rate stronger than 6.80 per dollar for the first time since 2023, reinforcing expectations that policymakers are comfortable with the currency’s strength.
By Iris Ouyang, Julia Zhong · Bloomberg Markets
China’s central bank set the yuan’s daily reference rate stronger than 6.80 per dollar for the first time since 2023, reinforcing expectations that policymakers are comfortable with the currency’s strength.